Top Posts
Hillary Attorney Marc Elias Outlines Corrupt Democrat Plans...
Original Fox News Anchor Uma Pemmaraju Dead at...
WAYNE ROOT: Thank You Democrats. You Just Made...
And, There It Is… Nancy Pelosi: “China Is...
HERE WE GO: New “Langya” Virus in China...
Joe Biden Shakes Hands with Schumer Then Forgets...
Joe Biden Mumbles and Coughs His Way Through...
Former Democrat Lawmaker Charged with First Degree Rape
Judge Bruce Reinhart Who Signed Warrant to Raid...
Hillary Clinton Mocks Law-Abiding Americans and Flaunts Her...
  • About Us
  • Contacts
  • Terms and Conditions
  • Privacy Policy
  • Email Whitelisting
  • Investing
  • Stock
  • World News
  • Politics
  • Editor’s Pick
The Market Holders
World News

Tesla shareholders broadly follow board recommendations at annual meeting

by August 5, 2022
August 5, 2022

Tesla Inc. shareholders voted for board recommendations on most issues at the company’s annual meeting on Thursday, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.

Votes on three of the 13 proposals did not follow board recommendations, according to preliminary tallies presented at the annual shareholder meeting in Austin, Texas.

Over board opposition, shareholders passed an advisory proposal that would increase investors’ ability to nominate directors.

Two board proposals – cutting directors’ terms to two years and eliminating supermajority requirements – did not receive supermajorities necessary to pass.

Dressed in black, Chief Executive Elon Musk heavily influenced the voting and spoke to an enthusiastic crowd after the vote. He owns 15.6% of Tesla, according to Refinitiv data, after selling millions of shares last year. Read full story

Investors approved a three-for-one stock split. While a split does not affect a company’s fundamentals, it could buoy the share price by making it easier for investors to own the stock.

Shareholder proposals that failed included ones arguing for endorsing the right of employees to form a union, asking the company to report its efforts in preventing racial discrimination and sexual harassment annually, as well as reporting on water risk.

A proposal asking directors to enable large and long-term stockholders or groups with at least 3% of the shares to nominate directors, cleared objections from the board. The board had earlier said a proposal like this could create opportunities for special interests to skew Tesla plans.

Mr. Musk said the company aimed to hit a production run rate of 2 million vehicles per year by the end of 2022 and would continue building factories.

Tesla has factories in California and Shanghai and is ramping up two more in Austin, Texas and Berlin. Mr. Musk said Tesla might be able to announce an additional factory this year and he expected eventually to have 10-12 so-called gigafactories. – Reuters

previous post
BREAKING EXCLUSIVE: Ultra-MAGA Patriots FIGHT BACK! Maricopa County Republican Committee Passes Resolution To Formally Censure County Recorder Stephen Richer
next post
Pelosi visits Japan after Taiwan trip sparked outsized military drills by Beijing

Related Posts

China drills part of game plan for invasion...

August 9, 2022

Trump says FBI agents raided Mar-a-Lago home

August 9, 2022

Summertime blues? UK shoppers splash out as heat-wave...

August 9, 2022

Ocean warmth, seaweed scarcity threaten Fiji’s fisherwomen’s livelihoods

August 9, 2022

More Chinese women delay or give up on...

August 9, 2022

Rating agencies expect US spending bill to cut...

August 9, 2022

Ukraine, Russia trade blame for nuclear plant shelling...

August 9, 2022

US okays first Boeing 787 Dreamliner delivery since...

August 9, 2022

HK eases COVID quarantine rules

August 8, 2022

Climate change compensation fight brews ahead of COP27...

August 8, 2022
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Hillary Attorney Marc Elias Outlines Corrupt Democrat Plans Behind Mar-a-Lago Raid – Admits It’s 100% Political

    August 9, 2022
  • Original Fox News Anchor Uma Pemmaraju Dead at 64

    August 9, 2022
  • WAYNE ROOT: Thank You Democrats. You Just Made Trump the Biggest Martyr in History. Next, Trump Should Announce for President Today. Now. This Second. Stick It Right in Democrats’ Face.

    August 9, 2022
  • And, There It Is… Nancy Pelosi: “China Is one of the Freest Societies in the World” (Video)

    August 9, 2022
  • HERE WE GO: New “Langya” Virus in China Infects 35 People…”More Fatal” than COVID

    August 9, 2022
  • About Us
  • Contacts
  • Terms and Conditions
  • Privacy Policy
  • Email Whitelisting

Copyright © 2022 TheMarketHolders.com All Rights Reserved.

The Market Holders
  • Investing
  • Stock
  • World News
  • Politics
  • Editor’s Pick

Read alsox

Biden, Putin strike conciliatory tones as nuclear arms...

August 2, 2022

Pelosi visits Japan after Taiwan trip sparked outsized...

August 5, 2022

Zawahiri killed in US drone strike

August 2, 2022